{"data":{"id":"us-ga/o.c.g.a.-7-1-953","jurisdiction":"us-ga","citation":"O.C.G.A. § 7-1-953","heading":"Deposit of corporate funds.","body":"The corporation shall not deposit any of its funds in any bank or other financial institution unless such institution has been designated as a depository by a vote of a majority of the directors present at an authorized meeting of the board of directors, exclusive of any director who is an officer or director of the depository so designated. The corporation shall not receive money on deposit.","path":["TITLE 7 Banking And Finance","CHAPTER 1 Financial Institutions","Article 12 Small Minority Business Development Corporations"],"source_url":"https://archive.org/download/gov.ga.ocga.2018/release86.2022.11/gov.ga.ocga.title.07.odt","current_through":"Release 86 (2022-11)","vintage":"Public.Resource.Org bulk O.C.G.A., Release 86 (2022-11), retrieved 2026-09-17","retrieved_at":"2026-09-17T19:34:57Z","sha256":"0e7009a2cea1d7f35f59e67860187b201a237932c10510887e7633b77a16a2d5","source_id":"us-ga","stale":false,"prev":"us-ga/o.c.g.a.-7-1-952","next":"us-ga/o.c.g.a.-7-1-954"},"notice":"GroundRules: Original legal text. Not legal advice."}